The Global Neuromorphic Processing market drivers and restraints market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.
The main advantage of neuromorphic chips is that they can process the knowledge faster than the regular processors, which helps the defense industry in processing battlefield data, including resource and weapon management. The growing requirement for testing and transmitting signals in this industry is mainly driving the expansion of the neuromorphic computing marketplace for the aerospace and defense industry. This is because with the help of neuromorphic computing, coding becomes secure, thereby reducing cyber threats when transmitting data from one end to another. This is another major driving factor across various industry applications.
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Some Key Highlights from the Report
In July 2019, an 8 million-neuron neuromorphic system named Pohoiki Beach was launched by Intel Corporation. It has 64 Loihi research chips developed for the research community. Pohoiki Beach allows the researchers to experiment with brain-inspired research chip, Loihi in order to rescale the neural-inspired algorithms that comprises of sparse coding, path planning and simultaneous localization and mapping (SLAM).
The signal recognition technology is being utilized across a wide range of applications, due to the rigorous advancements in computing power leading to the widespread adoption of mobile and cloud-based engineering, which makes it the fastest growing application for neuromorphic computing. Black lead which is expandable in nature is the most preferred flame agent. This is because any business considers this as an environmentally friendly answer to the matter.
The market is highly consolidated, with the presence of the major traditional players who are investing heavily in research and development of neuromorphic processing. Moreover, the market being in its nascent stage, neuromorphic processing includes various stakeholders that include neuromorphic hardware chip manufacturers, educational institutions, research labs, technical experts and system companies. The stakeholders are currently collaborating with one another to enhance the performance of neuromorphic computing systems.
Key participants include IBM Corp., HP Corp., Samsung Electronics Ltd., Intel Corp., HRL Laboratories, LLC, General Vision Inc., Applied Brain Research, BrainChip Holdings Ltd. and General Vision Inc. among others.
North America is certainly the largest and fastest growing marketplace for neuromorphic processing mainly because of the initiatives taken by major chip designing companies like IBM Corporation (U.S.), General Vision (U.S.) and Intel (U.S.). These companies primarily develop the chips to embed them for large-scale applications like large data analytics, servers and data centers among others. Growing awareness regarding benefits of neuromorphic computing in various industries like aerospace and healthcare is fueling the growth of the market in North America at a better rate compared to other analyzed regions.
For the purpose of this report, Emergen Research has segmented into the global Neuromorphic Processing Market on the applications, end user and region:
Applications Outlook (Revenue, USD Billion; 2017-2027)
Signal Processing
Image Processing
Data Processing
Object Detection
Others
End User Outlook (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Automotive
- Healthcare
- Military and Defense
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
U.S.
Canada
Mexico
- Europe
UK
Germany
France
BENELUX
Rest of Europe
- Asia Pacific
China
Japan
South Korea
Rest of APAC
- Latin America
Brazil
Rest of LATAM
- MEA
Saudi Arabia
UAE
Rest of MEA
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